Question

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16. IDENTIFICATION Please enter your answers into the homework in Blueline in order to receive credit. KEY: 1 An item that is included in the computation of "Total Income" 2 - An item that qualifies as an "Adjustment to Income" 3.- An item that is normally considered an "Itemized Deduction" 4 - An item that is a "Tax Credit" 5 - An item that is an example of an "Other Tax" 6 - None of the above is true Required: Using the key above, indicate what each of the following represent for an individual taxpayer in 2017. a. Moving expenses of a member of the Armed Forces b. Self-employment tax Deductible part of the self-employment tax I d. Wages, salaries, tips, etc. e, Alimony received f. Alimony paid 8. Interest income earned on the bonds of another company h. Municipal bond interest income tax exempt) i. State income taxes and property taxes i. Child tax credit

Answer 1

Date KEY: Page of 앙 Totel Income 1. An itern that is included in d. compulerian Wages, Salories, Tips ate Alimony Received g. Interest Income bonds of another company ho Municipal Bond Interest Income ( Tex except) Business or (doss) Capirel gain or (loss) earned Income M. 0- Mortgage Interest Iq Crediu Card Interest Proceeds from life Insurance polices 2. An ireen that quality as an "adjustment to Income K. A contribution IRA retirement plan (IRA deductions) f. Almony paid c. Deductibu part of self employment Tax no Health Savings account deduction 3. An items that is normally considered an Irenrised Deduction" i Stole income Texes and taxes property Charitable v. Charitable contribution for college athletic oueur seating rights An item that is credir Residential energy credit Other Tox" , an example of ti t conté butan "Tax Credit" u tox j. Child 5 ? toxes S. Household An item that is b. Self-employment tax employment None of the above is true a. Moving expenses of a member of the Amused forces l brifts 6